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Search Results 0 to 31 of about 32 (some duplicates have been removed)
the debt ceiling allowing more borrowing through spring to pay america's bills and it cuts pay for lawmakers if they can't pass a budget by tax time april 15th. >> most americans believe you don't do your job you shouldn't get paid. >> i'm tired of government governing by gimmicks. >> reporter: the senate hasn't pass ad budget in almost four years. >> the last time they pass ad budget the ipad hadn't been introduced. >> reporter: paul ryan will draft the budget with deeper cuts. that's a carrot to get conservatives to go along but some still want to see cuts first. >> will not vote to raise the debt ceiling unless significant efforts are made to fix the under lying problems. >> reporter: senate democrats hint theology pass a budget but not soon. >> approach that when we need to. >> reporter: the white house says even in short term the president will sign pinpoint >> the debt ceiling ought not to be a political football. >> reporter: this republican retreat with one last tanned if they can't compromise lawmakers' paychecks could take a hit. what's still not known is if this is t
for the eurozone, as well, it's not just about the debt ceiling, they have to get the debt down. the debt ceiling may get raised, but it's not being tackled long-term. >> it seems every single time consistently we get the opposite outcome. which means some areas are consistent and it raises debt levels going forward. >> it seems to me as though we can't fix this one because democratically it's not possible. why? because there are so many verses who are automatically vote to increase the debt because the number of people who own entitlements or benefits is relatively high. and i think you're seeing this failure both in the u.s., in germany and to an extent in the uk. >> the trouble is for all of those economies maybe some of the european ones are under pressure by the government. but the problem is, if you look at issues in the u.s., they're just so low. there's no ability to cut in the long-term. how do you push through entitlement reform and address those issues, especially if there's no market pressure right now? >> my sense is that you don't. i don't understand how that can be achieved and, th
raise the debt ceiling but the problem far from over. former fed vice chair alan blinder tells us why the debt ceiling is scarier than the fiscal cliff. ♪ . ♪ [ male announcer ] how do you turn an entrepreneur's dream... ♪ into a scooter that talks to the cloud? ♪ or turn 30-million artifacts... ♪ into a high-tech masterpiece? ♪ whatever your business challenge, dell has the technology and services to help you solve it. nothing. are you stealing our daughter's school supplies and taking them to work? no, i was just looking for my stapler and my... this thing. i save money by using fedex ground and buy my own supplies. that's a great idea. i'm going to go... we got clients in today. [ male announcer ] save on ground shipping at fedex office. ♪ [ male announcer ] it was designed to escape the ordinary. it feels like it can escape gravity. ♪ the 2013 c-class coupe. ♪ starting at $37,800. ♪ sandra: time for a look at today's market drivers. it was a mixed day on wall street. the dow and s&p 500 extending gains while the nasdaq lost ground. the dow finishing higher for
negotiate the debt ceiling. high unemployment, social unrest. again, we learn from the mountain. baby steps to build confidence. >> your free ski slowly. we feel what we are doing. then we get confident and we get faster and faster. >> reporter: but economic growth seemingly won't go faster. there's always the risk in the global economy that something goes wrong. snowboarders are like central bankers. they have their own way of treading down the mountain. for bankers it means printing money. it's brutal economics. what's the secret to snowboarding? you pick up speed too quickly and you end up falling over? >> no, come on. you need to move. >> reporter: why do you like snowboarding? you go too fast, too quickly, and fall over. >> not necessarily. >> reporter: perhaps the best lesson to be learned in managing risk comes from the cross-country skier, those hearty experts of slow, steady progress taking huge amounts of energy. >> you need to be fit with the whole body, not only with parts of your body. >> you make the power around. you can slowly or you can a lot of speed. at your pace. >> repo
debate is whether to raise that debt ceiling. 69 percent of you said it should only be raised after major cuts are made where 23 percent say it would be reckless not to. it is coming up. >>> powerful wind gusts tearing through the midwest knocking down this frtree and causing ito fall into the house in ohio. luckily the people inside the home were in the basement so they were not injured. >>> with the stong winds comes a a -- strong winds comes a bitter cold snap. for more let's go to maria molina. >> we are not looking at cold temperatures across the areas of the midwest but also in the oifrt ea northeast. we didn't get this cold in places like the northeast. take a look at portions of the midwest. 6 below zero the current temperature in minneapolis. that is not the windchill. it feels even colder and some places will be looking at windchill temperatures more than 20 degrees below zero. we are talking about dangerous conditions across places in the upper midwest. make sure your home is winterized. we are only going to be seeing a hyatt 4 below zero 8 degrees below zero in far go. 45 dc a
such as debt ceiling spending and the gun control debate. >> that's where we begin our first pole this morning. when asked if you think the tough gun control laws will prevent acts like the noun shooting 41 percent say no people will still try to commit the acts. 22 percent said yes. we asked about finances. those polled say income taxes will likely go up this year 11 percent more than the number who believe gun laws will change. 48 percent say they expect changes through immigration reform this year. 21 percent believe the deficit will get smaller. >> when it comes to the deficit in spending 83 percent were told they believe government spending is out of control that's up from 78 percent back in february 2010 and the next economic debate is whether to raise that debt ceiling. 69 percent of you said it should only be raised after major cuts are made where 23 percent say it would be reckless not to. it is coming up. >>> powerful wind gusts tearing through the midwest knocking down this frtree and causing ito fall into the house in ohio. luckily the people inside the home were in the basement so
and texas instruments. house leaders are expected to vote tomorrow to extend the debt ceiling deadline until may 19th. the gop measure doesn't specify an amount, but would lead let the government borrow what it needs to meet its obligation for that period. the strategy shift was agreed to last week and would let republicans focus on other fiscal fights in march such as ook automatic spending cuts delayed by the deal and the potential resolution. julian callow is still with us. julian, do you take this news as a positive development for markets or are you concerned about still the prospect of a government shutdown as others are calling for once we hit some of those further deadlines? >> yeah. i think that is quite positive, really. it shows that there is some desire not to up the vote too much on the side of the house. republicans at this stage. i think it's actually very important if we think about what it means for both financial markets and for the u.s. economy. obviously, financial market conditions have improved noticeably. there's less uncertainty around. that should come through in ter
have your battering rams ready for the president? the debt ceiling bustup to come. the republicans making clear they'll fight him all the way on that. i get a sense the president can be as bold and audacious as he wants in this inaugural speech yesterday but you guys aren't going to let him get away with very much. >> he has two problems. one is the republicans won the house of representatives. boehner was elected leader of the house as much as the president was elected to run the executive branch. so he can't pass something through congress without getting a republican house. he has another problem, that's a democratic senate. 20 democrats are up for re-election in 2014. they're not as left wing as he is. they certainly didn't get elected in states as democrat and blue as obama did. so he's asking those guys to go out in front on his tax policies, his spending policies. remember, he just signed to make permanent 85% of the bush tax cuts in dollar terms, 99% of the bush tax cuts in terms of who was affected. these are tax cuts the democratic party has run against for 12 years as a
. think debt ceiling when we return. [ male announcer ] this is not my home. there. i said it. they don't have pictures of my kids. they don't have my yoga mat. and still, i feel at home. could it be the flat screen tv? the not so mini fridge? ♪ the different free dinner almost every weeknight? or maybe, it's all of the above. and all the rest. am i home? nope. but it almost feels that way. homewood suites by hilton. be at home. >>> welcome back, everybody. the s&p is indicated slightly down as the is dow jones. the nasdaq is staying higher. we did hear from dupont which came in with better than expected numbers and ta dow component is up by 1% at this point? >> if you split the bid and the ask, it would be. >> 1.4% from the free market. >> our headlines this morning, a tropical storm intense fieging off of australia's coast. it's bringing nearly half the world's iron ore trade to a halt today. right now, let's get today's national forecast. reynolds wolf joins us from the weather channel. reynolds, it's great to see you this morning. >> great seeing you guys, too. the story down unde
. >>> the house has passed a bill that would prevent the united states from hitting the debt ceiling. at least right away. it's dubbed the no budget no pay act. it was proposed by republicans and it lets the treasury department borrow money until mid-may, as long as congress passes a budget by april 15th. if lawmakers don't come up with a blueprint for the budget, the measure states their pay will be withheld. constitution doesn't allow the no pay thing to really happen, so that is a pr stunt. any way, that's why the act passed. 33 republicans, 111 democrats voted against it. one dem who did, congresswoman debbie wasserman schultz and she tells us the bill wasn't a clean debt ceiling increase and only prolongs economic uncertainty. it only extents it for a few months so she's right about that. >>> in the last 48 hours or so, u.s. cargo planes made at least five trips into mali transporting about 80 french troops and more than 124 tons of supplies. a spokesman for the u.s./africa command tells us the airlifts began monday, are going to go on for several more days. i couldn't help but notice thi
of saying hey, we're not going to lift the debt ceiling, you say, yeah, we will for three months and then go ahead and pass a budget in that time period. is that possible? >> i sure hope so. obviously that's the goal. that's been my goal for the last 18 months since i've been in the senate. obviously to push the senate to do something. as you mentioned, we haven't had a budget for almost four years. washington, d.c i think we can agree on one thing, that the worst run institution in america right now is the united states congress. we need to do something different. >> brian: so to do that, you got to get to some control over your own colleagues and to do that, hold on to their paycheck. republicans like darrell issa say i think that's unconstitutional. >> there is a lot of people in washington, d.c. that obviously don't want to cut their pay. the purpose of that constitutional amendment was to make sure that members of congress didn't enrich themselves during the legislative session. i'll tell this to darrell issa and nails wants to make this argument. cut your pay and go back to your distri
banks are putting in. we're through the u.s. elections, ahead of the debt ceiling debate. in some sense there isn't an immediate crisis. it's a question now whether ceos can get through the real economic fundamentals. in some ways we're betwiked and between, kelly. >> i like the scarf, ross. >> yeah. that's the point. look, there's plenty to come on our coverage today. let me recap some of the people we're going to be talking to. john lipinski, formerly of the imf. and hamish tyrwhitt, construction group out of australia. we saw rates dip a little today. suggesting there's room to cut rates. and the executive dean of peking university. we're more relaxed about china, more relaxed than three or four months ago. we'll get the inside there. all of that is coming up on today's "worldwide exchange." how are the markets looking? >> perfect. we'll check the markets in a second. i want to bring news out of the bank upon spain saying fourth quarter gdp was down 1.not -- 1.7% drop, it was .6 drop. pretty large. and 2012 gdp down 1.3%, down from a contraction of 0.4% in 2011. more difficult news f
another debt ceiling debate and debacle would not be helpful here. i think there's so much minon the sidelines between the retail investor and the corporate america today, has so much money to invest. get rid of some of that uncertainty and this economy will go. i'm quite bullish about that. >> can you provide guidance for this year without knowing exactly what washington is going to come up with? >> we gave a range. we don't give guidance. we give a range on a conservative side and optimistic side. we're right inside that range. had a great start to the year. we're ahead of consensus. we her record asset gathering and record guidance sales and great control. had a great start. >> had a good three months in the stock as well at this point. fred, always good to see you. >> thanks for coming by. >> the president of amayor trade joining us today. dell shares sharply higher today. after david faber broke the news that microsoft is now in talks to help finance that buyout of dell. david joins us now with more details. they are getting a party together, aren't they? >> yes, they may ve
down on the debt ceiling. and laid out a liberal agenda for a second term. the gop is out of favor with the young minorities and women. not just at the ballot box. 49% of the nation now sees the republican party negatively. in the nbc news/"wall street journal" poll only 26% positively. democrats doing far better with a net positive. hand wringing at the gop winter meeting. >> republicans talk policy, and the democrats talk people. >> we've got to stop being the stupid party. >> reporter: bobby jindal on gop senate candidates todd aiken and richard murdoch whose comments about rape angered women. >> it's no secret we had a number of republicans who damaged the brand with offensive and bizarre comments. >> reporter: some republicans in four states with republican legislatures want to change the winner-take-all electoral college system in their states that gave president obama a big win. mitt romney would have been closer. a former party chair says forget that. the gop will recover. >> we've got a lot of work to do. we've got some cleaning up to do. we've got some making up to do, we
think we're past the political rhetoric. we are solving one by one the issues of the day, the debt ceiling, the rhetoric around fiscal cliff, we clearly need to put all that to bed. but then we go after the reforms that matter, energy policy being a clear one with climate change attached. how we get tax reform in place to make americans and american corporations competitive again, globally. big thing for dow chemical. we want to reinvest in america because we can be competitive out of america. that agenda has to be put on the national agenda. i know the second term president is very keen on doing that. liz: the first term president was accused of being anti-business or not as friendly to business even though he brought a lot of business leaders to the white house and listened to them. many of them sat here and said you know what liz, though, he listened but i didn't see anything effectuated. do you think it's a different time now with president obama? >> i'm very fortunate that i was one of the ones that was called upon very early to help first term president obama. you've got to u
out of g.o.p. in washington that they will raise the debt ceiling without a large political fight in washington, effectively giving the market some room to move higher without washington standing in the way in terms of their bureaucratic lock-up. david: but peter the president essentially said the -- he did throw a line to the deficit but immediately after he said we need to invest in the economy, more spending. how will the market respond to the fact that we have a president who doesn't seem to be prepared to negotiate on spending? >> the markets are going to demand that the president negotiate on spending. the markets will behave in ways that punish the president if he does not come to the table with sensible and balanced approach to spending cuts. we've gotten our revenue increase in terms of the taxes and the highest, 1, 2 percent. it is now time for the president to come to the table with some entitlement reform, tax code changes, adjustments or a complete rewriting of the tax code, and if the markets don't see a sensible approach to an ever-increasing deficit to the tune of
't produced one in almost years. on may 19th is what the debt ceiling has been extended to. what paul ryan is saying is that whatever bill comes out of the senate will call for more taxes and republicans in the house will not accept that. and if that then is the case then you get the cuts to the defense department and medicare. do i have that right? >> that is fundamentally correct. what we are looking at and what we'll see is whether or not the democrats in the senate insist that they sequester would be altered only by raising taxes and that is not going to happen. we j a $650 billion tax increase we are not going to do another one. these were cuts in law and they need to be altered. the president in his debate with governor romney said the sequester will not happen, and he's got to step up and help us work our way through that, because it does cut too much, in my opinion, the defense department. they've already had a big cut. this will be another big cut. and i think it's dangerous for the defense department and will do damage in a way that we should not do. bill: i mentioned the senate
emanuel is live on capitol hill with more. when we take up the debt ceiling deal? reporter: the senate is likely to take up the bill some time next week. they are required to pass a budget by april 15. bottom line, fiscal conservative senators are loving it. >> they have really written some good budgets, tough budget that they have defended, but the democratic senate has just a few. they say send more money. they need the american people to send more money. we don't need a budget to tell you where the money is going to be. so i think that they understand. >> some are complaining that the senate democrats refused to do about it for three years in a row. finally, now that the house has passed the measure and we start to hear the senate democrats saying that they are going to do a budget. jon: is part of that deal, they are required to pass it by april 15, or else no budget and no pay. they will ultimately get paid down the road, but for those who are not part of the millionaires club, no paycheck, even in the short term. arthel: what are the democrats in the senate saying? are you feelin
and the white house can't agree on the deficit or the debt ceiling. will washington work is the theme of a seminar in davos today. house majority leader eric cantor, who is here will have to answer. that's the question on a lot of people's minds, why can't the u.s. get its act together? >> you know i think the thing that differentiates the u.s. from so many of the other countries especially in the eu we know how to fix our problem, and we're just at lagerheads as to which way to go. >> reporter: but the head of the international monetary fund christine lagarde said here "the u.s. has to confront this." if those decisions are postponed again -- >> well it will be pushing the can down the road again which was the reproach that we made against the europeans and i don't think that the u.s. should fall in that trap. >> reporter: and with the u.s. economy now showing renewed strength, the feeling here is that the u.s. could help pull up the rest of the world, if washington could just get out of the way. charlie, norah? >> anthony mason thank you. >>> in the internationa
could crack that ice? if congress and the white house can't agree on the deficit or the debt ceiling. will washington work is the theme of the seminar in davos today. house majority leader eric cantor who's here will have to answer. that's the question on a lot of people's minds. why can't the u.s. get its act together? >> well, i think the thing that diff different yates us is we know what to do. >> reporter: the head of the international monetary fund christine lagarde says the u.s. has to confront this. if those decisions are postponed again -- >> well, it will be pushing the can down the road yet again, which was an approach we made against the europeans, and i don't think the u.s. should fall in that trap. >> reporter: and with the u.s. economy now showing renewed strength, the feeling here is that the u.s. could help pull up the rest of the world if washington could just get out of the way. charlie, norah? >> anthony mason, thank you. in the international press institute reports that 132 journalists were killed around the world last year. and reporting on the war in syria is es
house decided to buy time on the debt ceiling debate. >> they haven't put out a plan. the reason why we wanted to get the debt limit extended is so we can showcase our budgets. here's our plan for economic rule. here's our plan for balancing the budget. here's our plan for entitlement reform, which is necessary if you want to save medicare from bankruptcy and get this debt under control. >> as for 2016, ryan says it's premature to say if he will run for president. >>> several miles of the mississippi river closed this morning after two tank barges loaded with crude oil hit a railroad bridge. happened near the town of vicksburg, about 45 miles west of the jackson. one tank with 80,000 gallons of crude oil zastarted leaking. the coast guard stopped the leak. they're trying to figure out how many gallons spilled into the river. >>> icy conditions causing trouble for drivers. some are hitting slick spots and losing control. the wintry weather already blamed for several accidents. >>> gatorade no longer using an ingredient patented as a flame retardant in its drinks. the oil/flame retardant
turning point for this president was that debt debate over the debt ceiling in july and august of 2011 and there an opportunity there and it came close, and i will not ascribe blame because there is probably enough going around when it looked like the president and john boehner were able to make a grand bargain, 3, $4 trillion in deficit reduction, it fell apart and rightly or wrongly it seems clear that the president and the white house decided at that point, we can't do business with these guys. boehner can't control the tea party element in his own house. and we're going to have to start running for president and running for president, pushing a liberal agenda. really from mid-summer, boehner says from labor day of 2011, he was very much running for president, pushing the liberal agenda. he was the protector of the middle class. and it is continued up through his re-election and now we see it in his inaugural address, very little talk about common ground. you know he basically dismissed his republican opposition as absolutism, as name-calling. i think you will see a very aggressive,
the inauguration to a deal on the debt ceiling to the president naming a new chief of staff. we wanted to focus on a few others that caught our attention. first, secretary of state hillary clinton on capitol hill. she was testifying about the attack in benghazi that left four americans dead. now at one point clinton angrily snapped at republican senator ron johnson who wanted to know why the exact origin of the attack should have been revealed much earlier. >> what difference at this point does it make? it is our job to figure out what happened and do everything to prevent to from happening again. >> joining me now, cnn contributor maria cardona and amy holmes, anchor of "real news" on "the blaze." maria, you used to work for hillary clinton. are you proud of your former boss? >> these did -- she did an amazing job. it was vintage hillary clinton. look, her performance this week, it was so many things. she was unequivocal in taking responsibility for what happened which is absolutely the right thing to do and something she did from the first -- the get-go. she was deficit in deflection of quest
could spiral us backward really is if one of these upcoming fights on sequestration or the next debt cellin ceiling, you know, finally causes it to -- >> that is sort of baked in the cake. everybody expects they're going keep kicking it down the road. why, then, do we have a surge in stock market? >> one is that corporate profits are very good. but don't forget, corporate companies are holding that money aside. they don't want to reinvest. they're worried about the economy and it's not that helpful. the season reason is because the federal reserve has kept interest rates so, so low that there's almost no other place for people to put their money. so it's less a function of the real economy and more a function of the extra analynalties. >> so should people in america be hopeful about the economy and jobs? >> i think they should be. housing has turned around both in terms of available pricing, stock, new housing starts. it's not like it was in 2006 but it's better than it was in 2008. to whole issue of fracking may be something for environmentalists but there's no question it's creatin
Search Results 0 to 31 of about 32 (some duplicates have been removed)